AMD Appoints Ex-Intel Engineer as Strategy Chief

Ranjan Naik, before joining AMD, was a partner at McKinsey & Company's Technology practice and has worked with the company for the last 11 years. Before his stint at McKinsey, he was a senior engineer at Intel and was a member of the technical staff at Lucent Technologies.

AMD said in a statement that Naik, in his new role, will be responsible for formulating long and short term strategy development, which will include investment strategies, partnership strategies and market opportunities.

"Rajan Naik possesses a strong track record of execution in strategic planning, product and market strategy, and operational performance," AMD president and CEO Rory Read said.

"He will help ensure strategic and operational alignment across our business to take advantage of growth opportunities in lower power, emerging markets and cloud computing." he added. Naik will be reporting directly to the CEO.

Naik has earned his bachelor's degree in engineering from Cornell University and a PhD in engineering from the Massachusetts Institute of Technology.